The stock market got the green light from Powell. Why it continues to hit record highs

It’s not about what you say, but how you say it. And the masterful message from Federal Reserve Chairman Jerome Powell was received loud and clear by an optimistic stock market – yes, we’re winding down, but don’t even think about rate hikes.

The Kansas City Fed’s Jackson Hole Economic Symposium is known as the place where Fed chiefs drop bombs on the market. It was where Ben Bernanke alluded to the arrival of new Fed stimulus programs in 2010, 2011, and 2012, and where Jerome Powell looked back, rather than…